Aspiring homeowners in Pennsylvania face challenges due to rising prices and mortgage rates, but the state remains one of the most affordable options in the Northeast for first-time buyers. In 2024, a starter home costs approximately $186,050, requiring an annual income of about $44,561 with a 10% down payment and 7% mortgage rate. Cities like Pittsburgh, Erie, and Scranton provide affordable housing options, and despite proximity to major cities like NYC and D.C., Pennsylvania offers unique opportunities for budget-conscious buyers.
Rising prices and mortgage rates have made it tougher for first-time homebuyers to fund stepping into their own place—but Pennsylvania remains one of the most affordable states.
In 2024, the typical starter home in Pennsylvania costs about $186,050, requiring an annual income of roughly $44,561, one of the lowest thresholds in the Northeast.
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